Bloomberg India’s budget gap for the year ended on March 31 has touched 4.4% of gross domestic product — a six-year peak — breaching the target set in February as an economic slowdown reduced tax collections, people with knowledge of the matter said. A revenue shortfall of 1.7 trillion rupees ($22 billion) led to the higher deficit number, the people ...

Bloomberg Indonesia’s economic growth slowed sharply in the first quarter of the year, amid expectations the coronavirus pandemic will take an even heavier toll on Southeast Asia’s biggest economy in months ahead. Gross domestic product rose 2.97% in the first quarter from a year ago, the statistics office said on Tuesday. That was worse than the median estimate of 4% ...

Bloomberg Singapore, which is looking to increase virus testing fivefold among its population, faces a global shortage of some test kits and materials, according to its health minister. The city-state has to be “mindful” there’s a worldwide shortage, and therefore “we have to ensure that we have a continued supply and stock of these materials to allow us to continue ...